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The used car price drop is accelerating
The Manheim Used Car Index dropped for the second straight month in July signaling a coming reduction in retail prices from record highs.
www.foxbusiness.com
And for us truck lovers, below is the wholesale data for all used pickups for all model years. Simply stated, the average retail selling price of all used pickups will be around $31,000.00.
The pickup segment drove the reduction with an combined drop from $30,789 to $28,154, while premium sports cars and luxury cars saw small upticks for the month.